Against the US dollar, the leu’s indicative won 0.5% on the day to 3.2787 units.
The leu opened slightly up at 4.312/4.314 per euro, from 4.316/4.317 per euro at Tuesday’s closing.
It further gained ground and at around 13:00 hours traded at 4.305 per euro.
US investment bank JPMorgan estimate the leu will gain 3% versus the euro over the next days, as local lenders prepare to transition to international accounting standards and will be exchanging euros to put the resulting excess liquidity into their reserves.
On the money market, overnight rates fell to 1.8%-2.3% a year, from 3.7%-4.2% a year Tuesday.